Friday, October 31, 2014   

Italy pushes for structural reforms
(07-08 16:45)

Italy's finance minister says his country and the European Union must focus on pushing through structural reforms to boost growth, not rely on easing rules limiting government debt.
Pier Carlo Padoan, whose country holds the rotating EU-presidency, said Tuesday in Brussels his goal is "to help all countries to find incentives and pressure to reform.''
The comments came after weeks of discussions during which Italy urged an easing of the 28-nation bloc's rules limiting the member nations' budget deficits and overall debt level.
Dutch Finance Minister Jeroen Dijsselbloem, who also chairs the meetings of the 18-nation eurozone, insisted the good conditions in bond markets allowing governments to take on debt more cheaply should not distract from the necessity of "getting some work done in terms of reforms.'' --AP
   
Other Business breaking news:
German retail sales post biggest drop for 7 years (2 hrs 7 mins ago)
Hang Seng finishes higher (2 hrs 44 mins ago)
IAG airlines group logs improving Q3 profits (2 hrs 45 mins ago)
European stocks rally at open (10-31 16:47)
Panasonic says half-year profit dives (10-31 15:53)
Nikkei soars to seven-year high (10-31 15:44)
Japan Airlines H1 net profit slips (10-31 15:43)
Sony says half-year loss balloons six-fold (10-31 15:42)
RBS sets aside 400m pounds for forex probes (10-31 15:41)
BoJ chief says at 'critical moment' for exiting deflation (10-31 15:40)

More breaking news >>

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